• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Growth effect

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Growth effect

    Mr Bernanke said that the rapid growth of developing economies was behind the increase in food prices, rather than the Fed’s decision to embark on a second, $600bn (£371bn) round of printing money. “Clearly what’s happening is not a dollar effect, it’s a growth effect,” Mr Bernanke said in a rare question and answer session with journalists at the National Press Club in Washington on Thursday.

    The United Nations Food and Agriculture Organization (UN FAO) has warned that high prices, already above levels in 2008 which sparked riots, were likely to rise further.

    More of this tulip from the source: Fed chief Ben Bernanke denies US policy behind record global food prices - Telegraph


    #2
    And in other news: antisocial gimp Russian living in a Brum bedsit with no knowledge of statistical principles and obtaining knowledge from data, makes silly assumptions when criticizing Fed chairman.

    Move on - nothing to see here!
    Hard Brexit now!
    #prayfornodeal

    Comment


      #3
      The World Service covers this in detail, frequently.

      There is a global food shortage caused by bad weather in 2009 and 2010. That has raised prices.

      It is not about oil or exchange rates. Just tulipty weather.
      My all-time favourite Dilbert cartoon, this is: BTW, a Dumpster is a brand of skip, I think.

      Comment


        #4
        Originally posted by sasguru View Post
        And in other news: antisocial gimp Russian living in a Brum bedsit with no knowledge of statistical principles and obtaining knowledge from data, makes silly assumptions when criticizing Fed chairman.

        Move on - nothing to see here!
        Well known fact that he logs in specifically to read the words of wisdom of our Russian Economic Guru.

        I hear he's recommending sofa's in the US.
        What happens in General, stays in General.
        You know what they say about assumptions!

        Comment


          #5
          Incidentally, average global food prices have risen every year for the past nine years, but the last two years have been particularly steep as production is not meeting demand.
          My all-time favourite Dilbert cartoon, this is: BTW, a Dumpster is a brand of skip, I think.

          Comment


            #6
            Swapping food crops for growing biofuels is the problem, it's all the warmists fault
            Doing the needful since 1827

            Comment


              #7
              Look, it's like this - The Fed and other Central Banks are printing money like no tomorrow.

              Those who get their hands on the money (banks who use tulipe securities as collateral) have a choice:

              1) lend at 5-7% to businesses
              2) pile into commodities and make 50-70% a year

              WTF do you think they'd do with newly printed money??!?!

              Comment


                #8
                Originally posted by AtW View Post
                Look, it's like this - The Fed and other Central Banks are printing money like no tomorrow.

                Those who get their hands on the money (banks who use tulipe securities as collateral) have a choice:

                1) lend at 5-7% to businesses
                2) pile into commodities and make 50-70% a year

                WTF do you think they'd do with newly printed money??!?!
                All that financial jiggery pokery involving perishable commodities is self-limiting, and thus a secondary and temporary cause of rising food prices. In the end they must still sell to the highest bidder (and within a limited time) whatever food is available, unless you're suggesting those evil spekulants are letting millions of tons of food rot in their warehouses to keep the prices artificially high.

                The primary causes are rising population and all the others pointed out above (i.e. in every reply except yours).
                Work in the public sector? Read the IR35 FAQ here

                Comment


                  #9
                  Originally posted by OwlHoot View Post
                  The primary causes are rising population and all the others pointed out above (i.e. in every reply except yours).
                  Yes and oil gone up from $30 to $100 in two years because a lot more people started driving cars.

                  Comment

                  Working...
                  X